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N.Y. Fed raises U.S. fourth-quarter GDP growth view to 2.67 percent
December 2, 2016 / 4:36 PM / a year ago

N.Y. Fed raises U.S. fourth-quarter GDP growth view to 2.67 percent

NEW YORK (Reuters) - The U.S. economy is on track to expand at a 2.67 percent annualized pace in the fourth quarter following stronger-than-expected data on domestic income and jobs growth, the New York Federal Reserve’s forecast model showed on Friday.

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009. REUTERS/Rick Wilking

The latest fourth-quarter GDP estimate was faster than the 2.50 percent growth rate calculated on Nov. 25, the New York Fed said on its website.

Reporting by Richard Leong

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